I guess that Ben Bernanke’s “strategy” of showering the world with dollars is working — if one calls the creation of new asset bubbles a definition of “working.” The news of the Dow hitting a nominal record today along with news that housing prices across the country are rising significantly supposedly is a sign of recovery, or at least that is how it is being played out in the media. However, I don’t think that this new “exuberance” reflects actual market fundamentals as much as it is a response to Bernanke’s counterfeiting operation as the dollars have to go somewhere, … Continue reading The Sound You Will Hear is of Bubbles Popping